Vice Media says 'several hundred' staff members will be laid off, Vice.com news site shuttered
- Vice Media will no longer publish content on its website and will lay off hundreds of employees to partner with established media companies for content distribution.
- Last year, Vice filed for bankruptcy, leading to layoffs and cost-cutting measures. The media industry is facing financial problems, with numerous outlets experiencing closures and job cuts.
- Vice aims to realign resources, streamline operations, and shift to a studio model, emphasizing social channels for content distribution. Layoffs will impact several hundred staff members.
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